Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who wrote (57882)	4/28/2002 10:48:03 AM
From: farkarooski	Read Replies (2) of 99280

stockcharts.com[w,a]daclyiay[df][pc20!c10!f][vc60][iLp14,3,3!Ll14]&pref=G looking at the bullish percentage of Nasdaq the last 4 times it peaks above 50 Feb 01 - reading 54.55 Nasdaq 2892 subsequent low 1619 drop of 44% Jun 01 - reading 56.03 Nasdaq 2328 subsequent low 1387 drop of 40% jan 02 - reading 56.15 Nasdaq 2098 subsequent low 1696 drop of 19% Apr 02 - reading 55.31 Nasdaq 1946 subsequent low ??? if we drop 20% from the 1946 level, it will bring us to 1560-1570 level, would that marks an intermediate term bottom ??? I don't think I will buy anything until it reaches that level ...

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